Final answer:
Implementing quality control standards and monitoring systems can boost a business's profitability significantly.
Explanation:
Internal control measures play a vital role in enhancing a business's profitability. Two key measures that can be implemented are:
- Establishing Quality Control: Ensuring that products or services meet the desired standard can reduce costs related to rework or returns, thus improving profitability.
- Standardization and Monitoring: Utilizing systems like ISO 9000 for documentation correctness and statistical tools for stability monitoring can enhance efficiency and reduce errors, leading to higher profits.
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